G40 looting spree ‘exposed’

Zimbabwe National Road Administration (Zinara) executives, inspired by Zanu PF’s G40 faction, allegedly colluded to embark on a looting spree, in case the party lost the forthcoming general elections.


This was revealed by Zinara finance director, Simon Taranhike, who openly shed tears, while giving evidence at the High Court last week, as he narrated the order of events leading to the breakdown of his relationship with his chief executive officer, Nancy Masiiwa.

Taranhike said he was tasked by Masiiwa to raise $1,77 billion in four months, as the parastatal had failed to service a $206 million loan over years. The CEO said, while the country was battling economic hardships, Zinara executives were living large, and embarking on foreign-sponsored business trips and shopping sprees.

Taranhike told High Court judge, Justice Amie Tsanga that his relationship with Masiiwa had hit rock bottom in 2017, after he allegedly refused to join the G40 faction and was warned he would not make it in life.

“I was recruited in May 2016 and Masiiwa was also recruited during the same year. Since we were both new within the organisation, a lot of things started to be unearthed as a result of the audit and I was the supplier of the information to the audit team,” Taranhike said.
“As new people, we were not implicated in the unearthed shoddy deals at Zinara and I worked very well with the CEO before our relationship went sour.”

The chief finance officer said he remembered sometime last year former Zinara board chairperson, Albert Mugabe invited him and Masiiwa to Meikles Hotel, where he told them they would be “untouchable people in Zimbabwe” if they obeyed and listened to his instructions.

“He then took us to South Africa where he made us signatories to an FNB Bank account and introduced us as his untouchables. When we came back, the CEO demonstrated a lot of power and she would treat her subordinates as if they were nothing. It was apparent that the two of us were being made to remove the old team,” he said.

“We again went to South Africa for a board meeting to discuss the Development Bank of Southern Africa (DBSA) loan and while we were in our hotel, the chairman (Mugabe) asked us to stop carrying out the assignment we had been tasked by the Transport ministry and Cabinet, but instead to go for a shopping spree until our business days were over.”

However, Taranhike said he decided to go against Mugabe and, together with Masiiwa, proceeded to carry out their official business and that is when they discovered that “out of the $60m per year payment that was supposed to be paid to service the $206m loan, only $20m had gone through”.

“From the time we left DBSA, we could not talk to the chair until we got to Harare,” he said, adding they later proceeded to inform Transport minister Joram Gumbo of what they had experienced and he warned them of the rot at Zinara.

Taranhike said just after three hours after their meeting with Gumbo, he received a call from South Africa from a person who warned him that he had joined the wrong camp.

“Mugabe also openly told me that I had joined a wrong camp. After three months, the CEO came to me and asked me which camp I had joined. She invited me to a funeral of the late professor [Primrose] Kurasha, where she wanted me to meet Saviour Kasukuwere,” he said.

“She also indicated to me that I was not clever and that between now (April last year) and the general elections, many things would happen.

She said she had bought herself a house and if anything happened, Zinara was going to be responsible, in fact, I was regarded as a trophy for the other executives.”

Taranhike is jointly charged with four other Zinara top executives, who are facing allegations of criminal abuse of office, involving $2 940 588, which they sourced on the parallel market through bogus companies.

The five are represented by Rekai Maposa and the State by Chris Mutangadura.

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  1. this is just a tip of the iceberg.remember the zinara executives who were rescued by mboko from avondale police station.zinara also bought day old chicks and cement that was being “donated” around bulawayo by mboko
    so so so sad

  2. Comment…Vele it’s not about the G40 only it’s about the entire ZANUPF government for the past 37years they have been looting and they are still looting period.

  3. The fact that ZACC has the luxury of “debating” whether or not to investigate specific persons indicates that the rot has unending tentacles implicating even current govt officials, otherwise why debate, go ahead and investigate. After all, ZACC does not arrest (as the ZACC officials always shout), but simply investigates.


  4. Im sad to say that how could one tribe do so much damage to its own country & people.

    1. Iwe kwana what is or was G40.

  5. What of construction work done at the Blue Roof , paid for by Zinara directly…

  6. this is of g40 is a myth, looting was done by ZANU pf.This is just propaganda to try and make the remaining ZANU cabal look good amongst the voters
    Wake up and let’s get the whole ZANU cabal out by elections

    1. everwanting@yahoo.com

      A lot of people will use the G40 to escape liability for their corrupt deeds like this gentleman. The whole party of Zanu is corrupt starting with the president himself who does not know who the godfather for gold mining in this country is. G40 will be used by the laciest faction of zanu to act as if they are genuine about corruption when they are not sincere

    2. True the isue of citing only members of G40 is a cover up trying to portray the ruling cabal as clean. Varume nemadzimai we are not fools and Zanu df cannot continue to fool us, Many in the ruling cabal have many bones in their closets so why are not yet investigated or arrested. ZNA and ZRP had concessions at Chiadzwa why have they not been asked where were they putting money from the sale of diamonds? How about the responsible Minister of the time who all of a sudden during that time become fat rich and once he was removed he became thinly rich.

  7. currupt ZANU PF. G40+lacoste =Corruption definition in oxford dictionary.

    Let’s account them equally. they are all corrupt. how did mnangagwa become the wealthiest man in Zim?
    Come elections we vote them all out

  8. Nancy Chamisa Masiiwa is a crook. She was fired from TN Halequin Luxaire by T. Nyambirai after stealing some beds.

  9. Its Snowball cdes. I was influenced by Snowball.

  10. vanhu kug40 kkkkkkkk kwaaaaaaaaaa illegitemate president ur 100days?kkkkkk

  11. Comment…G40 planning come back for above extra time game play through gammatox? According to their boss’ recent indications?

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